As the title suggests, this thread has been created for intelligent discussion on politics. By intelligent, I mean people should try to look at things with a little more perspective. You know, not let bias overrun the facts. Let's try to keep it rational in here.

So, last night an intoxicated Cuban revolutionary told us that we are living in the most exciting of times, and that the collapse of Bear Stearns represents the collapse of greed. He said good things are ahead. He said he'll see me on the front line. Thoughts?

I would like to discuss the collapse of bear sterns with you.....Its troubling that the fed is now allowing financial institutions to go directly to it for its borrowing...frightening.

"Perhaps the Fed's most significant move over the weekend was the creation of a new program to give emergency loans directly to the 20 largest so-called "primary dealers." These are investment banks that do business directly with the Fed and which purchase the majority of Treasury securities."

04-02-2008, 11:01 AM

paganman7

Re: Intelligent Politics Discussion Thread

Intelligent politics?

Where are the jumbo shrimp, military intelligence, quantum leap, air field, compassionate conservative, and freezer burn threads?

04-02-2008, 11:02 AM

denies the day

Re: Intelligent Politics Discussion Thread

Quote:

Originally Posted by full on idle

So, last night an intoxicated Cuban revolutionary told us that we are living in the most exciting of times, and that the collapse of Bear Stearns represents the collapse of greed, the implosion of the illusion. He said good things are ahead. He said he'll see me on the front line. Thoughts?

I wasn't drunk.

04-02-2008, 11:11 AM

jackstraw94086

Re: Intelligent Politics Discussion Thread

Quote:

Originally Posted by Young blood

I would like to discuss the collapse of bear sterns with you.....Its troubling that the fed is now allowing financial institutions to go directly to it for its borrowing...frightening.

"Perhaps the Fed's most significant move over the weekend was the creation of a new program to give emergency loans directly to the 20 largest so-called "primary dealers." These are investment banks that do business directly with the Fed and which purchase the majority of Treasury securities."

It could also be a decent move in the end. it remains to be seen. The fact that the fed was so willing to do this means they're more optimistic about the short term. It does however kind of bear the faint whiff of an old school mafia-style bust-out.

I vacillate between being angry that taxpayers are bearing the risk for the stupid decisions of a few, and resignation that the idiots need help in order to benefit the whole.